Handbook of Approximate Bayesian Computation | Statistics

Product Description

As the world becomes increasingly complex so do the statistical models required to analyse the challenging problems ahead. For the very first time in a single volume the Handbook of Approximate Bayesian Computation (ABC) presents an extensive overview of the theory practice and application of ABC methods. These simple but powerful statistical techniques take Bayesian statistics beyond the need to specify overly simplified models to the setting where the model is defined only as a process that generates data. This process can be arbitrarily complex to the point where standard Bayesian techniques based on working with tractable likelihood functions would not be viable. ABC methods finesse the…